Panasonic raises full-year operating profit forecast

Home Forums Panasonic raises full-year operating profit forecast

Viewing 0 reply threads
  • Author
    Posts
    • #2580
      Anonymous
      Inactive

      Technology News

      Man walks past Panasonic Corp's logos at an electronics store in TokyoPanasonic raised its full-year earnings forecast as expected, with strong sales of its automotive systems and eco-friendly technology powering its transformation into an industrial components supplier from a consumer electronics brand. Panasonic Corp increased its operating profit forecast for the year to March to 270 billion yen ($2.75 billion) from a previous forecast of 250 billion yen. That compares with expectations of 268.2 billion yen, the average of 19 analyst estimates according to Thomson Reuters Starmine. After a round of heavy restructuring that has seen Panasonic pull out of plasma TVs, smartphones and downsize its chipmaking segment, the Japanese company posted a net profit of 61.5 billion yen for the three months to September.


Viewing 0 reply threads
  • You must be logged in to reply to this topic.
Share
Tweet
Share
Pin